Saved at a financial institution or using a mobile money account in South Africa
South Africa: Saved at a financial institution or using a mobile money account was 35.8% in 2024. ▲ Rising
Saved at a financial institution or using a mobile money account in South Africa, 2011–2024
Source: Global Findex Database. Measured in % age 15+.
Analysis
South Africa recorded 35.8% for saved at a financial institution or using a mobile money account in 2024.
That represents a change of down 11.7% on the previous year and up 9.4% over ten years.
Over the whole period, saved at a financial institution or using a mobile money account in South Africa peaked at 40.5% in 2021 and was at its lowest, 22.1%, in 2011.
That places South Africa 20th out of 82 countries with data for 2024, putting it in the top quarter.
Saved at a financial institution or using a mobile money account in South Africa, year by year
| Year | % age 15+ | Change |
|---|---|---|
| 2011 | 22.1% | — |
| 2014 | 32.7% | +48.2% |
| 2017 | 22.1% | -32.5% |
| 2021 | 40.5% | +83.5% |
| 2024 | 35.8% | -11.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 25.6% | 22.1% | 32.7% | 3 |
| 2020s | 38.2% | 35.8% | 40.5% | 2 |
Countries ranked near South Africa
- 17 Brazil 38.6% compare
- 18 Kazakhstan 37.7% compare
- 19 Mongolia 36.3% compare
- 21 Argentina 35.8% compare
- 22 Costa Rica 34.9% compare
- 23 Burkina Faso 32.9% compare
More reference data data for South Africa
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.5111 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 8.71 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 13.63 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.7468 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 13.63 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.71 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.49 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 41.1 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 63.65 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 4.07 (2050)
Frequently asked questions
- What is saved at a financial institution or using a mobile money account in South Africa?
- Saved at a financial institution or using a mobile money account in South Africa was 35.8% in 2024, according to Global Findex Database.
- What is the highest saved at a financial institution or using a mobile money account recorded in South Africa?
- The highest recorded value was 40.5% in 2021.
- What is the lowest saved at a financial institution or using a mobile money account recorded in South Africa?
- The lowest recorded value was 22.1% in 2011.
- How does South Africa rank for saved at a financial institution or using a mobile money account?
- South Africa ranks 20th out of 82 countries with data for 2024.
- Is saved at a financial institution or using a mobile money account rising or falling in South Africa?
- Over the last ten years it is up 9.4%. The long-run trend across the full record is rising.
- Where does this South Africa data come from?
- The figures come from Global Findex Database, published as part of Saved at a financial institution or using a mobile money account (% age 15+). Statizoid updates them automatically from the source API.
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About this data
The percentage of respondents who report saving or setting aside any money at a bank or similar financial institution or using a mobile money account to save in the past year, (% age 15+)